Accounts Receivable Merchandise Inventory Marketable Securities Supplies Total Current Assets Spring Creek Plastics, Inc. Balance Sheet As of December 31, 2015 Land and Building Fixtures and Equipment Total Property, Plant, and Equipment Total Assets Liabilities and Owner's Equity Accounts Payable Notes Payable (6-month) Total Current Liabilities Mortgage Payable Notes Payable (4-year) Total Long-Term Liabilities Total Liabilities Owner's Equity Total Liabilities and Owner's Equity Net Sales Merchandise Inventory, Jan. I Net Purchases Freight In Goods Available for Sale Merchandise Inventory, Dec. 31 Cost of Goods Sold Spring Creek Plastics, Inc. Income Statement, 2015 Gross Margin Total Operating Expenses Income before Taxes Taxes Net Income $ 250,000 325,400 What is the inventory turnover? 416,800 88,700 12,100 1.147.000 868.200 $286.500 153.200 325.700 413.100 $767.800 314,900 33.100 1.115,800 239.300 $1,093,000 2.015.200 $3.108.200 $439,700 738,800 1.178.500 1.929.700 $3.108,200 $1